04/14/2021 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

========================================================================================================================================================================

In a price channel so the overall trend is up.

Flat open so likely is a range range.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/04 ... ay-update/

[ccash04]

Hate to short into thin volume, but can't bring myself to be long here.

[Trades w 2 Cats]

Second tet of the overnight low was a sweet set-up. Not sure if a spike and wedge counts as a formation.

Guys who have large followings on twitter that I follow are looking for a multiday topping process. FuturesTrader71, Jam-Croissant and Master Wu. If more join the chorus I will be nervous as one of the 10 rules is that when all the experts agree something else happens.

[Trades w 2 Cats]

Hate to short into thin volume, but can't bring myself to be long here.

On twitter a guy with a big following pretty much paraphrased you only with a bit cruder language
emini tic
@TicTocTick

He is not going short until 4115 fails.
Also that old saw "never short a dull market" which probably predates Jesse Livermore.

[Al_Dente]

EARNINGS DUE:
April 15: BAC, BLK, SCHW, C, TSM, USB, UNH

[Trades w 2 Cats]

Two legged move off of 4132 has measured move to 4139 but it is clearly failing to make that. Looking like the Cobra rule for 4130 could soon be in play (support fails at 4th touch) if bulls don't step it up.

[Trades w 2 Cats]

A decent tweet from Emini Tic without obscenities' anyway looks like good advice for a day like today.

Don’t let ur emotions control ur trading

Go with facts

Cold , hard facts

What are facts?

Price is not going down

Volume is low

Trading is very hard rn

[Trades w 2 Cats]

Picture of what I was flapping my gums about

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2021/04 ... ay-update/

[Cobra]

Higher low so probably the range low was in.

[JFR]

SPY 15. Sideways since yesterday's close. The market and the players are waiting and watching.

[Trades w 2 Cats]

4138.75 double test as resistance, looking like the mid day high. Until proven otherwise I am assuming a power hour push every day.

[Trades w 2 Cats]

Others are saying market waiting for real news on coin base trading. The mechanism for transmitting that to ES is Tesla.

[JFR]

SPY 5. Slow train to nowhere. To re-quote Yogi Berra, former New York Yankee, and Hall of Famer, on the way to Yankee Stadium, with a teammate, who says: "Yogi, we're on the wrong train." Yogi, the wise, inscrutable one, answers: "Yeah, but we're making great time." Ha ha

[JFR]

ES daily. A doji. Seems to be trying to move up a bit. Sneaky move. Ha ha They are hoping the bears are not watching.

[JFR]

Dow 30. Very close race. No surprise. Edge to the greens. GS and DIS leading. CRM and JPM trailing.

[JFR]

DIA and IWM up. QQQ down. SPY flat.

[JFR]

Alternatives.

DBC, Value stocks, USO up.

Gold, growth stocks, bonds, and the dollar down.

IYR flat.

Got some work to do. Back later ...

[Trades w 2 Cats]

Coinbase looks like 380 a share in trading.